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21 March, 23:03

The function y=7500 (1.08) t represents the value y of an investment after t years. What is the value of the investment after 6 years?

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  1. 21 March, 23:48
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    The answer is 48600, but I'm not entirely sure if it correct.

    From what I know, if I were to see ¨y=7500 (1.08) t¨, we could have to substitute the t with the number of years. Looking like this, ¨y=7500 (1.08) x 6¨.

    The reason I don know if my answer is correct or not since I don know if you have the t next to 1.08 to represent that or to simply multiply the property of it with 6 (the number of years).

    So I tried ...
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